Fortis (FTS) to Issue Quarterly Dividend of C$0.64 on September 1st

Fortis (NYSE:FTS) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.64 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, August 19th.

Fortis has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. Fortis has a dividend payout ratio of 73.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Fortis to earn $2.75 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 68.4%.

Fortis Trading Down 0.2%

Shares of NYSE FTS opened at $57.45 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market capitalization of $29.35 billion, a P/E ratio of 23.36 and a beta of 0.43. Fortis has a 1-year low of $48.64 and a 1-year high of $59.40. The business has a fifty day moving average price of $57.00 and a 200 day moving average price of $56.18.

Fortis (NYSE:FTS) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.56 billion. Fortis had a return on equity of 7.25% and a net margin of 14.21%.During the same quarter in the previous year, the firm earned $1.00 earnings per share. Equities research analysts expect that Fortis will post 2.58 EPS for the current fiscal year.

Key Fortis News

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Fortis reported higher second-quarter 2026 earnings attributable to common shareholders, reaching approximately $396 million. The results highlight continued operating growth across its North American utility businesses. Fortis Inc. Releases Second Quarter 2026 Results
• Positive Sentiment: British Columbia approved Fortis subsidiary Tilbury LNG’s expansion, an important project-development milestone that could support future growth and infrastructure investment. The approval also reduces a regulatory obstacle for the project. Fortis Q2 Earnings and Tilbury LNG Expansion
• Positive Sentiment: The board declared a quarterly dividend of $0.64 per share, payable September 1 to shareholders of record August 19. The decision reinforces Fortis’s appeal to income-focused investors and maintains its annualized dividend of approximately $2.56 per share. Fortis Third-Quarter 2026 Dividends
• Neutral Sentiment: Fortis filed its July 2026 Form 6-K and released a second-quarter investor presentation, providing additional financial and project details for investors. These filings improve transparency but do not represent a separate operating catalyst. Fortis July 2026 Form 6-K
• Negative Sentiment: The market’s muted reaction may reflect valuation and earnings-quality concerns. Fortis remains near its yearly high, while its recent quarterly revenue was below consensus and earnings were below the prior-year level, potentially limiting near-term upside despite the stronger project outlook.

Fortis Company Profile

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.